It is the latest effort to reduce the state’s stake in the banking sector following its multi-billion euro rescue plan for the banks during the 2008 global financial crash
The Irish State sold a 5 per cent stake in AIB, which will generate around €652 million and reduce its stake to 12.5 per cent.
Minister for Finance Paschal Donohoe said that each accelerated bookbuild transaction had achieved "incremental improvements" on the placing price for Ireland while also tightening the discount. "Once again, this transaction was well received, with significant demand from a large number of high-quality international institutional investors."
The state sold its remaining shares in Bank of Ireland in September 2022, making it the first bank to return to full private ownership since the crash.
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